Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRA: CB82), a multinational company with projects in Namibia, Brazil and Canada, has closed on its non-brokered private placement offering. The offering included the placement of 5,684,440 working capital (“WC”) units, with each unit priced at $0.36. The placement totaled $2,046,398.40. in gross proceeds. According to the announcement, each WC unite was comprised of one common share and one common share purchase warrant, with each WC warrant allowing the holder to purchase one common share at a price of $0.54 until Sept. 14, 2023; after that date, the price increases to $0.80 per share through Sept. 14, 2024. The hold period for the issued securities is through Jan. 15, 2023.
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About Gratomic Inc.
Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the electric vehicle battery supply chain. With the continued development of its flagship Aukam project and further exploration on the company’s Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the company will continue to explore graphite opportunities displaying potential for development. The company ranked third in the top-10 performing mining stocks on the 2022 TSX Venture 50(TM). Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The company will continue to update the public on the status of these tests and will provide results as soon as they become available. In addition, the company has formed a collaboration agreement with Forge Nano. Featuring a patented atomic layer deposition (“ALD”) coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies toward the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries. For more information about the company, visit www.Gratomic.ca
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